Blog

Stress test passed for FairCoin website

Yesterday morning we had a massive denial of service attack on our website. Luckily, we survived it without any damage.

We had observed with our monitoring tool 207926 GET, POST and password guessing requests in five hours. Their origin were from the IP address 149.202.131.254 - a server hosted in France at OVH. Our web and the database server climbed up to 100% CPU load. The web sites at fairkom, a cooperative based in the alps which is hosting and supporting fair-coin.org, responded a bit slower as usual.

Open Minds Award nominates FairCoin for the category "Infrastructure"

FairCoin is nominated for the Austrian Open Minds Award 2017 for the Open Software category “Infrastructure“. The nomination is substantiated with the alignment of FairCoin as an ecological and sustainable alternative to BitCoin and other crypto currencies as well as the aim of enabling an equitable and fair economy.

The Austrian Open Minds Award has set itself the goal, to give Open Source actors and their projects more public attention. That is why, together with other open communities, they are organizing a new stage and an annual fix event.

Summercamp in Switzerland

About 40 people from the fair.coop and FairCoin communities meet in the Jura Alps at a Summercamp (link is external) to review and plan the next steps for developing an ethical economic ecosystem utilizing blockchain technologies. Where do we want to go from now, after the successful migration to Proof-of-Cooperation? 

Why forking does not matter FairCoin

On August 1st afternoon, the Bitcoin Cash (BCC) fork has happened. Their clients do not accept any block with a height greater than 478558 from the BTC network. BCC requires the block 478559 to bigger than 1MB to be accepted. The hash rate in the BCC network is unknown, we expected the first unique block in the BCC network to be mined in some days. Now we have several forked BitCoins.

FairCoin Migration successful!

On July 18th, 2017 at 18:07 CEST all coins have been transferred from the old to the new blockchain. Block 160 of the blockchain shows this specific payload (in 14 transactions). Now we run the first Proof-of-Cooperation blockchain!  7 chain admins and 13 CVNs have been added, 3 more are pending.

Bittrex was following our change and accepted sells and buys again after 19:00.

FairCoin Wert steigt!

FairCoin Market demand in April2017

Nach fast zwei Jahren hatten sich die Nutzer/innen von FairCoin an einen Tauschwert von  0,05 € (20 Faircoin = 1 €) gewöhnt. In einer FairCoop Versammlung wurde der Tauschwert zuerst auf 0,0667 € korrigiert (15 Faircoin = 1 €) und dann auf 1:10 (10 FairCoin = 1 €).

Seiten

Chart FAIR (red) vs BTC (blue)

FairCoin vs Bitcoin proves to be a shelter coin during BTC downtrends. Source: Soulanti @ TradingView.com

 

 

 

Watch our Video and Lend a Hand

 

 

Pick up an open task

Translations, graphical design, software development or testing? If you really want to lend a hand and help the FairCoop ecosystem growing, do not hesitate to browse our to do list. We are managing open tasks with gitlab and remunerate your effort with up to € 10.- per hour (or its FairCoin equivalent) in FreedomCoop's Open Cooperative Platform. Get in touch with us in the Open Coop Work chat group.  If you are a software developer, you may also have a look at the FairCoin group at github (Python, C++, Java) or join the OCP team (Django, Python).